Investor Presentaiton

nuuday Management review Financial statements Section 1 Section 2 Section 3 Section 4 Section 5 Section 6 Parent Company Statements 1.2 | Critical accounting estimates and judgements 1.3 | New accounting standards The preparation of Nuuday Group's Annual Report requires Management to exercise judgement in applying the Group's accounting policies. It also requires the use of estimates and assumptions that affect the reported amount of assets, liabilities, income and expenses. Actual results may differ from those estimates. Notes 2.1 Revenue 2.6 Special items 3.1 Intangible assets Estimates and underlying assumptions are reviewed on an ongoing basis. Revi- sions are recognised during the period in which the estimates are revised and during any future periods affected. The following areas involve a higher degree of estimates or complexity and are outlined in more detail in the related notes: Critical accounting estimates and judgements Assessment of principal or agent Assessment of contracts involving complex sale of goods and services Assessment of special events or transactions Assumptions for useful lives Assumptions used for impairment testing 3.4 Trade receivables Assessment of expected losses Estimates /judgements Judgement Estimate/ Judgement Judgement Estimate Estimate/ judgement Estimate Nuuday Group has adopted the new standards, amendments to standards and interpretations that are effective for the financial year 2022. None of the changes have affected recognition or measurement in the financial statements nor are they expected to have any future impact. IASB has approved a number of new accounting standards and changes to standards that are not yet effective. Nuuday Group has evaluated the stand- ards and as none of them are expected to be relevant to the Group, they are not expected to impact on the financial statements. Nuuday Annual Report 2022 43

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